Best Share Trading Platforms in Brazil

Disclaimer: General information only. All kinds of investment (particularly trading CFDs, commodities, and FX) involve significant risk, including the possibility of losing more than the amount invested, as well as market volatility and liquidity hazards. Past performance does not guarantee future results. Most investors will find such operations unsuitable.

Brazil’s financial market has experienced remarkable growth over the past decade, with millions of new retail investors entering the stock market. As the country’s investment landscape becomes increasingly sophisticated, choosing the right share trading platform has become more critical than ever. Whether traders are looking to invest in Brazilian equities, diversify into international markets, or leverage advanced analytical tools, the platform they select can significantly impact their trading success and overall investment experience.

The Brazilian brokerage industry is highly competitive, offering everything from zero-commission trades to premium research services. From established financial powerhouses to innovative digital-first platforms, Brazilian investors now have access to world-class trading technology and resources that rival global standards. Yet, with so many options available, finding the platform that aligns with individual needs, whether that’s low fees, educational support, or international access, can feel overwhelming.

This guide examines Brazil’s best share trading platforms for November 2025, breaking down their unique strengths, fee structures, and specialized features. Each platform serves different investor profiles, from complete beginners taking their first steps into the market to seasoned day traders requiring lightning-fast execution and sophisticated analytics.

1. eToro: Social Trading for Brazilian Forex Investors

eToro revolutionized retail trading by introducing social and copy trading features that let everyday investors mirror the strategies of experienced traders. For Brazilian forex investors looking to learn by observation or diversify their approach, eToro offers a unique and engaging platform.

Pros:

• Beginner-Friendly: eToro’s easy-to-navigate platform and educational tools make it ideal for new traders. The CopyTrading feature allows users to follow seasoned investors, reducing the learning curve.
• Zero Commission on Stocks and ETFs: Trading UK stocks is commission-free, providing an attractive option for those focused on equities.
• Diverse Asset Selection: Access to a broad range of assets, including stocks, crypto, forex, and commodities, making it a one-stop shop for various investment strategies.
• Social Trading Features: The ability to interact with and learn from over 30 million traders globally offers a unique experience, helping users share strategies and insights.
• Mobile App: eToro’s mobile app offers a smooth, seamless trading experience, replicating most features of the desktop version for trading on-the-go.

Cons:

• Higher Fees on Crypto and Forex: While stocks are commission-free, crypto trades carry a 1% fee, and forex spreads can be wide, which may impact frequent traders.
• Withdrawal Fees: A flat fee of $5 per withdrawal (approx. £3.90 GBP) can add up for users frequently moving funds out of their accounts.
• Limited Advanced Tools: While the platform is excellent for beginners, more experienced traders may find eToro’s research tools and charting options basic compared to professional platforms like IG or Saxo.
• Inactivity Fee: After 12 months of no login activity, eToro charges an inactivity fee of $10 per month, which could be a drawback for less frequent traders.
• Currency Conversion Fees: If deposits or withdrawals are made in a currency other than USD, eToro applies a 1.5% to 3% conversion fee, which could impact international users.

Copy Trading Features

eToro’s CopyTrader mechanism is the platform’s crown jewel. Users can look through a database of top-performing traders, see their historical returns, risk scores, and portfolio compositions, and then deploy a portion of their cash to automatically replicate those traders’ positions.

This tool is very useful for beginners who don’t have the time or expertise to perform their own analysis. Instead of spending hours studying charts, students can learn from seasoned professionals while watching live transactions occur. eToro also has a CopyPortfolios tool, which combines many traders or assets into a single managed portfolio for immediate diversification.

The social aspect extends beyond copy trading. eToro’s news feed functions like a financial social network where traders share insights, discuss strategies, and comment on market movements. This community-driven approach can help Brazilian traders feel less isolated and more connected to the global trading ecosystem.

User-Friendly Mobile App

eToro’s mobile app is one of the most polished in the industry. It mirrors the desktop experience with full trading functionality, portfolio tracking, and social feed access, all wrapped in a clean, intuitive interface.

Brazilian traders can execute trades, adjust stop-loss levels, and monitor their CopyTrader positions from anywhere. Push notifications keep users informed of important market events or portfolio changes. The app’s design prioritizes simplicity without sacrificing depth, making it accessible to traders of all experience levels.

PDS Link: https://www.etoro.com/wp-content/uploads/2024/08/20240811_PDS-2.pdf

2. Avatrade

AvaTrade is a well-known global online broker that offers a diverse range of trading opportunities in forex, CFDs, and commodities. AvaTrade, founded in 2006 and regulated in numerous jurisdictions including the Central Bank of Ireland (CBI) and ASIC, is a dependable option for traders wanting strong security and a sound regulatory framework. The platform offers access to over 1,200 markets, competitive fixed spreads, varied trading platforms, and advanced tools such as AvaProtect, which assists traders in risk management by providing transaction protection for a modest price. AvaTrade caters to both new and experienced traders, providing training tools, a simple onboarding procedure, and a number of top-tier platforms including as MetaTrader 4 (MT4), MetaTrader 5 (MT5), and its own mobile app, AvaTradeGO.

Pros:

• Strong Regulatory Framework: AvaTrade operates under strict regulations in multiple global jurisdictions, ensuring high levels of security for client funds and transparent trading practices.
• Competitive Spreads: The platform offers tight fixed spreads, especially for forex pairs such as EUR/USD (starting at 0.9 pips), helping traders manage costs more predictably.
• Wide Range of Platforms: AvaTrade supports MT4, MT5, AvaTradeGO, and WebTrader, catering to traders of all experience levels with both desktop and mobile solutions.
• Risk Management Tools: Features like AvaProtect allow users to mitigate potential losses, providing an added layer of security when navigating volatile markets.
• Comprehensive Educational Resources: AvaTrade provides traders with a wealth of educational materials, including video tutorials, webinars, and daily market analysis, helping users refine their strategies and improve their trading knowledge.
• Negative Balance Protection: This feature ensures traders cannot lose more than their deposited funds, enhancing security when using leverage.

Cons:

• Limited Stock Trading: While AvaTrade offers CFDs on popular stocks, the selection is narrower compared to some competitors, and there are no fractional share options available.
• No FCA Regulation: Although AvaTrade is regulated by several reputable authorities, it is not governed by the FCA, which may be a concern for traders who prioritize this specific regulation.
• Crypto Restrictions: Due to FCA regulations, cryptocurrency trading is only available to professional clients, limiting access for some users in the UK.

Conclusion

AvaTrade stands out for its competitive spreads, robust regulatory oversight, and user-friendly platforms. It’s an excellent choice for forex and CFD traders who prioritize stability, risk management, and a wide range of tools. While the platform may not be the best fit for those seeking extensive stock trading or FCA regulation, its offerings are well-rounded for traders focused on forex, commodities, and indices.

3. XP Investimentos: Brazil’s Largest Independent Brokerage

XP Investimentos has established itself as Brazil’s largest independent brokerage, commanding significant market share and trust among Brazilian investors. The platform’s comprehensive ecosystem offers access to virtually every asset class available in Brazil’s financial markets, including stocks, fixed-income securities, investment funds, derivatives, and alternative investments. This breadth makes XP a one-stop shop for investors building diversified portfolios.

What sets XP apart is its institutional-grade infrastructure combined with retail accessibility. The brokerage serves everyone from first-time investors to high-net-worth individuals, maintaining quality service across all client segments. XP’s reputation rests on its consistent innovation, transparent communication, and commitment to investor education through numerous free courses and market insights.

Key Features and Trading Tools

XP’s proprietary trading platform delivers professional-grade functionality without overwhelming users. The desktop platform features customizable dashboards, real-time market data, and advanced charting tools that support technical analysis across multiple timeframes. Traders can set up alerts, create watchlists, and execute orders with various types including market, limit, stop-loss, and trailing stop orders.

The platform’s analytics suite stands out with sophisticated screening tools that filter stocks by fundamental metrics, technical indicators, and custom criteria. XP’s research department produces comprehensive reports covering individual companies, sectors, and macroeconomic trends, resources that typically cost thousands elsewhere are included for XP clients.

Mobile trading is equally robust, with iOS and Android apps that mirror desktop functionality while optimizing for on-the-go trading. Biometric login, push notifications for price alerts, and seamless synchronization across devices ensure traders never miss opportunities. The mobile interface maintains clarity even when displaying complex data, a testament to thoughtful UX design.

XP also provides API access for algorithmic traders and those wanting to integrate third-party tools. This developer-friendly approach attracts quantitative traders who build automated strategies while benefiting from XP’s deep liquidity and competitive execution.

Fees and Account Requirements

XP’s fee structure reflects its positioning as a full-service brokerage rather than a discount platform. Commission rates vary depending on the asset class and the client’s monthly trading volume, with active traders qualifying for reduced fees through tiered pricing. Stock trading commissions are competitive within Brazil’s market, though not the absolute lowest available.

Account opening at XP may require a minimum deposit depending on the account type, though this requirement has been progressively lowered to attract newer investors. The platform offers different service tiers, from self-directed accounts for independent traders to advisory services where professional managers provide personalized recommendations for an additional fee.

Custody fees for certain asset types and inactivity charges may apply, making it essential for potential clients to review the complete fee schedule. But, many investors find the value proposition justified given the extensive research, educational content, and platform capabilities included. For serious investors prioritizing comprehensive tools and institutional-quality research over rock-bottom fees, XP delivers exceptional value.

Conclusion

Brazil’s share trading platform landscape offers something for everyone, from complete novices taking their first tentative steps to battle-hardened day traders executing dozens of trades daily. The diversity of options reflects both the maturity of Brazil’s financial markets and the healthy competition driving innovation. Rather than a single “best” platform, the right choice depends entirely on individual circumstances, investment approach, and specific needs.

For beginners prioritizing education and ease of use, eToro delivers an accessible entry point that builds confidence. Cost-conscious active traders will find Clear’s transparent, low-fee structure maximizes their returns by minimizing friction costs. Investors seeking premium research and international diversification should examine BTG Pactual Digital’s institutional-grade capabilities.

XP Investimentos remains compelling for investors wanting comprehensive services and don’t mind paying for quality, while Toro’s hybrid approach suits those desiring both automated management and active control. Professional traders and day traders will find Modalmais delivers the advanced tools and execution speed their strategies demand.

The evolution of Brazilian stock trading platforms mirrors global trends toward democratization, capabilities once reserved for institutions and the wealthy now reach everyday investors at accessible prices. This democratization empowers Brazilians to take control of their financial futures, build wealth, and participate in economic growth. As competition continues intensifying and technology advances, investors can expect further improvements in cost, capabilities, and user experience.

Prospective investors should start by honestly assessing their own profile, experience level, time commitment, investment philosophy, and priorities. Most platforms offer free accounts or trial periods, allowing hands-on evaluation before committing capital. Taking time to match platform strengths with personal needs sets the foundation for a successful, sustainable investment journey in Brazil’s dynamic financial markets.

Note:  This is not financial or legal advice and is just designed to provide general information. While we run our own checks and assess each company included on our website, we may not have covered all options. If you decide to apply for a product, you will interact directly with the vendor, not AGR Technology. AGR Technology suggests that you read the appropriate PDS or offer documents before accepting any financial product offer to assess whether the products are suitable for you. Target Market Determinations are available on the provider’s website.

AGR Technology may receive a commission on sales generated by partner links on this page, but this has no influence on our opinions or evaluations and is completely free of charge to you. While we make every attempt to keep our content up-to-date this should not be taken as financial advice, be sure to seek professional advice if required.

Factors considered when writing this article:

We set criteria for picking loan platforms to analyze, such as reputation, services offered, user base, regulatory compliance, types of functionality available and the years of operation along with browsing the respective websites to validate they have licenses and compliance to operate in Brazil, as well as other things like KYC protocols and contacting the companies.

Checked each platform for user-friendly design interfaces to ensure platforms are straightforward for beginners and more experienced customers to grasp. We obtained information about each company by visiting their separate websites, signing up for an account, reading user reviews, and looking for recent news or events related to the platforms.

Frequently Asked Questions (FAQ)

Image credit: Rodrigo de Almeida Marfan, CC BY-SA 4.0, via Wikimedia Commons

What is stock trading software?

Stock trading software is a tool or platform that enables traders and investors to purchase and sell stocks, monitor market performance, analyze data, and place trades. It offers real-time access to financial markets, such as stocks, options, ETFs, and other assets. These platforms frequently include charting tools, risk management options, order execution, and automated trading capabilities.

Which is the best platform for stock trading?

There is no single “best” stock trading platform; the correct one is the one that meets your requirements. However, certain platforms stand out because they find an excellent mix between regulation, convenience of use, affordability, and tools.

When determining where to buy stocks, seek for high-quality regulation, low stock commissions, low inactivity and withdrawal fees, and easy deposit and withdrawal processes.

Can I use stock trading software to automate my trades?

Yes, many modern stock trading software platforms offer automation features, such as algorithmic trading, automated buy/sell orders, and “if-then” triggers. Traders can set predefined conditions for executing trades, allowing them to automate strategies based on certain criteria (e.g., price movements or technical indicators). However, it’s important to understand how the automation works to avoid unintended outcomes.

Is stock trading software secure?

Yes, most reputable stock trading software platforms use modern encryption techniques and multi-factor authentication (MFA) to safeguard user accounts and critical financial information. However, security methods might differ amongst platforms, so it’s critical to examine them and confirm that the program has a track record of protecting user information. Always choose platforms with solid security standards and avoid disclosing login information to external parties.

Source(s) cited:

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Crunchbase. Accessed November 15, 2025. https://www.crunchbase.com/organization/toro-investimentos.

“Reuters.Com” www.reuters.com/article/business/brazilian-online-broker-toro-to-launch-with-aggressive-pricing-idUSKBN1K71NG/. Accessed 15 Nov. 2025.

Bloomberg, Clear Corretora [Online]. Bloomberg Markets. Available at: https://www.bloomberg.com/profile/company/1041506D:BZ (Accessed: 15 November 2025).

[Online]. Available at: https://pt.wikipedia.org/wiki/XP_Investimentos (Accessed: 15 November 2025).

Acesso Bloqueado [Online]. Available at: https://www.xpi.com.br/ (Accessed: 15 November 2025).